Ha tinh continues to attract investment

The central province of Ha Tinh announced a master plan on socio-economic development for the province into 2020, with a vision to 2050, at a conference on April 27.
Chairman of the provincial People's Committee Vo Kim Cu said that the master plan was based on the prospects of Ha Tinh's competitive sectors, namely steel manufacturing; agriculture, forestry and fishery industries; trade, transport and logistics; textiles and garments; construction; education and training; information and communication. Accordingly, by 2020, the province aims to have an annual economic growth rate of 18.4 percent; industrial, service and agricultural sectors will account for 54.7 percent, 32.2 percent and 13.1 percent of the province's economy respectively; and the number of poor households will fall by 3-4 percent per annum. Addressing the event, Deputy Prime Minister Nguyen Xuan Phuc stressed that Ha Tinh needs to continue promoting its potential and this master plan to businesses and regional … [Read more...] about Ha Tinh announces socio-economic development plan

Ha Tinh regards administrative reform as a driving force of development, a key solution to attract investment for socio-economic development. Vietnam Business Forum discussed withMr Tran The Dung, Chairman of Ha Tinh City People's Committee, Van Le reports. Ha Tinh City has been quite successful in administrative reform, how does this result in the attraction of investments? In compliance with the policy of the Party and State on administrative reform, Ha Tinh City People's Committee has implemented specific guidelines and regulations, facilitating investors in formalities, land compensation and clearance, and project implementation. Those efforts have brought positive impacts on the flow of investments to the city. So far, some 20 investors (mostly from other provinces) with 25 big projects on infrastructure, trade and service have been approved and are under implementation. Big economic groups such as HUD, PetroVietnam, Song Da Corporation, and Tecco are contributing to the … [Read more...] about Ha Tinh City: Success in Administrative Reform

In recent years, the implementation of policies to maximize advantages and potential to complete the basic criteria for the City level 2 has helped Ha Tinh City obtain important achievements, contributing to the overall development of the province. Vietnam Business Forum interviewed Mr Tran The Dung, Chairman of Ha Tinh City’s People’s Committee about this success. Hoang Tinh reports.
In the context of slow economic recovery, limited resources for investment, and frozen real estate market,could you please share the successful lessons Ha Tinh has achieved in public administration and socio- economic development in the recent year?
Despite difficult conditions in the implementation of the 2014 plan, the leaders of the Provincial Party Committee, Provincial People's committee, departments, and provincial branches, business community and people in general have helped to innovate the management system and achieve economic development milestones. The city has reached high … [Read more...] about Ha Tinh City: Towards Modern Urban Area Model

In 2014, with various changes in the world economy, the Vietnamese economy revived even with potential risks affecting the business community. Under such circumstances, Ha Tinh province has adopted several policies and improved business environment to maintain production and attract investment. As a result, the province has successfully joined the top list in attracting investment. Vietnam Business Forum interviewed Mr Hoang Van Son, Deputy Director of Ha Tinh Planning and Investment Department. Hoang Tinh reports.
In recent years, in spite of world economic recession, Ha Tinh continues to attract investment, joining the leading group and occupying the 6th position in FDI. How do you evaluate this success?
So far, Ha Tinh has attracted 370 investment projects, domestic and foreign, with total capital of over VND425 trillion (US$20.5 billion). The number of businesses has also increased to over 4,000 (including business branches and representative offices). In 2014 alone, there are … [Read more...] about Ha Tinh Improves Business Environment and Attracts Investments

Businesses have successfully resumed operations in the Vung Ang Economic Zone in Ha Tinh Province after the Formosa pollution incident last year.Vung Ang Economic Zone was established in 2007 as Vietnam's steel and thermal power centre. It also had a deep water port. It attracted 118 out of 182 investment projects to the province’s economic and industrial zones including 69 domestic projects valued at VND48.3trn (USD2.1bn) and 49 foreign projects worth USD11.6bn.Some of the most notable projects are USD1.6bn Vung Ang 1 Thermal Power Plant and USD10.8bn Son Duong Port and Integrated Steel Mill Complex. These projects were intended to play an important role in the economic development and help ensure the country's steel and energy security. It has also contributed hugely to the provincial budget. In 2010, it contributed VND719bn (USD31.6m) and VND7.5trn five years later. Vung Ang 1 Thermal Power Plant However, after the Formosa pollution incident in June 2016 that killed … [Read more...] about Vung Ang attracts investments after Formosa incident

The central province of Ha Tinh called for foreign investors, including those from Japan, to invest in support industries, machinery, engineering, transport and economic and industrial zone infrastructure.— Photo dpihatinh
TOKYO (Biz Hub)— The central province of Ha Tinh called for foreign investors, including those from Japan, to invest in support industries, machinery, engineering, transport and economic and industrial zone infrastructure. The provincial People's Committee chairman Vo Kim Cu delivered this message during a seminar in Tokyo yesterday, one of several activities marking the Viet Nam-Japan Friendship Year and the 40th anniversary of bilateral diplomatic ties between the two countries. Representative from 150 Japanese economic and financial organisations and businesses came to the event to learn more about the province's strengths, especially iron ore, a resource that will enable the locality to develop steel production as well as a support industry. Ha … [Read more...] about Ha Tinh appeals for Japanese investment

Among these projects is a US$55.3 million maritime tourism complex, developed by An Giang Dragon Ha Tinh Co; a US$54 million hotel and trade centre complex, financed by Viet Trung Investment Co; and another eco-tourism project, valued at 13.4 million. So far, the province is home to 740 projects, including 671 domestic projects capitalised at US$4.39 billion and 69 others were financed by foreign investors from 15 countries and territories with capital totaling more than US$11.63 billion.Japan, the Republic of Korea, Brunei and Australia, as well as the US, Thailand, Philippines and Laos, along with Singapore, Taiwan and Hong Kong, are the province’s leading sources of foreign investment.Under this year’s investment promotion programme, the province plans to lure potential investors from Japan, the Republic of Korea and Germany with the help of those currently investing in the province.The … [Read more...] about Ha Tinh green lights 76 investment projects

Containers are loaded onto a ship at Vung Ang deep-water port in Ha Tinh. The central province aims to achieve an annual economic growth rate of 18.4 per cent, with the industrial, service and agricultural sectors accounting for 54.7 per cent, 32.2 per cent and 13.1 per cent respectively. — VNA/VNS Photo Ha Thai
HA TINH (VNS)— The central province of Ha Tinh has granted investment certificates to six domestic and foreign-invested projects worth a combined VND55.4 trillion (US$2.63 billion). During a conference to announce a master plan on socio-economic development for the province into 2020 late last month, People's Committee Chairman Vo Kim Cu said the province would improve the investment climate and create favourable conditions for investors to successfully develop their projects. Since 2011, 301 new projects worth more than VND346 trillion ($16.5 billion) have been licensed to operate in Ha Tinh. Among them there are 48 foreign projects with total registered capital … [Read more...] about Ha Tinh paves the way for investment

VietNamNet Bridge - Vo Kim Cu, former Party Secretary and Chairman of Ha Tinh on Sunday talked with the press about the 70-year license granted for Formosa Ha Tinh steel after NA chairwoman Nguyen Thi Kim Ngan said she would meet and urge him to talk to the press. Speaking to the media last Saturday after her re-election as NA chair, Ngan said NA deputies are responsible for answering questions about pressing issues and NA activities. However, it is difficult for the media to reach certain legislators. Vo Kim Cu, former secretary of the Party Committee of Ha Tinh Province, had dodged media questions about Formosa Ha Tinh, which has admitted responsibility for the huge fish kill which struck four central provinces, including Ha Tinh, in early April. Ngan said Cu, former leader of Ha Tinh and a present-day NA deputy, should speak to the media about issues involving the massive Taiwanese-invested steel complex in Vung Anh Economic Zone in Ha Tinh. In the talk with the media on … [Read more...] about Former Ha Tinh chairman who licenced Formosa Steel breaks silence

Thien Cam Beach in the central province of Ha Tinh. — Photo dttravel.com.vn
Central Ha Tinh Province approved in principle 76 projects over the past nine months, including three foreign-invested projects, with combined investment capital of over US$330 million, local authorities said.
Among these projects is a $55.3 million-maritime tourism complex, developed by An Giang Dragon Ha Tinh Co; a $54 million hotel and trade centre complex, financed by Viet Trung Investment Co; and another eco-tourism project, valued at $13.4 million.
So far, the province is home to 740 projects, capitalised at $4.38 billion. Of them, 69 were financed by foreign investors from 15 countries and territories with capital totaling more than $11.63 billion.
Japan, South Korea, Brunei and Australia, as well as the US, Thailand, Philippines and Laos, along with Singapore, Taiwan and Hong Kong, are the province’s leading sources of … [Read more...] about Ha Tinh green lights 76 investment projects